Replies (13)

Current tech (at least in the west) gives me all the functionality I could ever ask for on payments. Not an issue for me ever. Current technology (excluding Bitcoin) gives me zero effective options for long term savings. Outside of Bitcoin, my best option for savings is real estate which requires a good credit score, a deposit, taxes, maintenance, insurance and a monthly payment in order to maybe maintain or grow my savings and liquidation costs ~10% in fees. Bitcoin solved my savings problem. I still don’t have a payments problem. If I ever do, I have no doubt Bitcoin can solve that too when there is market demand for a solution.
If you are OK with being KYC'd for everything you do and believe that the information they collect will never be used against you, then you are right. This is not about "tech", but about sovereignty. Yes, I grant you that saving is the first step, but its high time to start thinking about dropping fiat altogether. A day may come where you are not able to choose anymore.
Savings wins because it was perfectly designed from day 1. Payments requires new modes of thought and iteration to build outwards from this infinitely stable base
Granted, sovereignty is the end goal, but if we take the savings route, we solve problems that bring powerful players to our side. If we fight AML/KYC head on we become a target. Love them or hate them, Bitcoin is stronger with BlackRock and Fidelity onboard (as opposed to outside slinging rocks at us). Bitcoin is an infinite life raft. It grows to accommodate everyone who agrees to the rules and climbs in. The more people in the life raft, the less people are outside dragging us down. As sound money takes over the world, the burocracia that threatens us with KYC/AML looses the ability to dilute us with printing and will eventually need Bitcoin themselves. Their only option will be direct taxation and citizens will once again have influence over the rules we will accept from them. That is how we beat KYC/AML. Not by sneaking around the rules and making the life raft a target but by outlasting the sinking ship and becoming the only viable option. Once they’re on the raft, we all follow the same rules.
Oh yes! We win by complying. We win by buying the ETF and letting them have the real bitcoin. We win by letting them hold bitcoin and using a dollar "backed by bitcoin". We beat KYC/AML by submitting to it all the time. We all follow the same rules if they have the private keys. We win by following their rules. SUBMISSION IS STRENGTH COMPLIANCE IS LIBERATION USING THEIR SYSTEMS IS SOVEREIGNTY